New Delhi, March 11 -- The IPO of Rajputana Stainless, which received a muted investor response during the first two days of bidding, finally sailed through on the last day of subscription on March 11.

By the end of the final day, the issue had received bids for 2.34 crore shares against a total offer size of 2.09 crore shares, translating into an overall subscription of 1.12 times, as per exchange data.

Among investor categories, the non-institutional investor (NII) portion was subscribed 2.59 times, while the Qualified Institutional Buyers (QIB) quota was booked 2.51 times. The retail investor segment saw the weakest response, with subscriptions of just 0.27 times.

The Rs.225-crore Rajputana Stainless IPO is a combination of a fresh ...